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A marital settlement agreement is a divorce contract that outlines the division of property, liabilities, alimony, child support, and custody arrangements between a couple before filing for divorce. This video discusses the purpose of these agreements and where to find a free official template. It emphasizes the importance of understanding how to negotiate divorce terms and the role of the marital settlement agreement in that process. Prior to seeking a divorce decree from a court, couples should come to a mutual agreement on asset distribution and support. Key steps to begin a divorce include consulting a divorce attorney for fair terms, gathering financial information such as tax returns and current income, and scheduling meetings with each spouse.